Janover (NASDAQ:JNVR) Shares Down 3.8% – Here’s What Happened

Janover Inc. (NASDAQ:JNVR) shares dropped 3.8% on Thursday . The company traded as low as $0.47 and last traded at $0.47. Approximately 35,351 shares traded hands during trading, a decline of 85% from the average daily volume of 231,663 shares. The stock had previously closed at $0.49.

Janover Stock Down 3.8 %

The company has a market cap of $5.36 million, a price-to-earnings ratio of -1.48 and a beta of 2.53. The stock has a fifty day moving average price of $0.57 and a two-hundred day moving average price of $0.71.

Institutional Investors Weigh In On Janover

A hedge fund recently bought a new stake in Janover stock. Perritt Capital Management Inc. purchased a new stake in Janover Inc. (NASDAQ:JNVR) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 38,901 shares of the company’s stock, valued at approximately $47,000. Perritt Capital Management Inc. owned approximately 0.35% of Janover as of its most recent SEC filing. 0.48% of the stock is currently owned by institutional investors and hedge funds.

About Janover

Janover Inc engages in the provision of commercial property financing solutions. It operates an online platform that connects commercial mortgage borrowers, including owners, operators, and developers of commercial real estate and small business borrowers, looking for capital to refinance, build, or purchase commercial properties, including apartment buildings with commercial property lenders, such as banks, credit unions, REITs, debt funds, multifamily lenders, and others looking to deploy capital into commercial mortgages.